With Netflix's (NFLX) tumble and Google's (GOOGL) $5 billion fine this week, investors have been wondering if it's the peak for FANG stocks, and Portfolio Wealth Advisors' Chief Investment Officer Lee Munson believes in another six to 12 months shareholders will see if there is still room to run or whether FANG will start to plateau.
"Everyone loves Amazon (AMZN) , but here's the thing, the acronym is getting longer," Munson told TheStreet. "We have [FANG] plus BAT on it, and now we've started to bring in the international crowd."
"I think as that alphabet soup gets longer, I think you have to take pause," Munson said.
Tired of FANG stocks? Head over to Real Money for Jim Cramer: 6 Stocks That Mr. 'Anti-FANG' Loves and for a look at all things charts, our Bruce Kamich take a look at Where Can FANG Stop? A Stock by Stock Look at the Charts and Indicators.
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